# Question 16 Chapter 2 of +2-B – USHA Publication 12 Class

Q-16- CH-2 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 16 Chapter 2 of +2-B

Comparative Statement of Profit & Loss

16. From the following information prepare a comparative Statement of Profit and Loss :

 Particular 31st March 2016 31st March 2015 Revenue from Operation (% of Other Income) 200% 200% Other Income 1,50,000 2,00,000 Cost of Material Consumed (% of operating Revenue) 60% 50% Expenses (% of Material Cost) 20% 20% Tax Rate 30% 30%

## The solution of Question 16 Chapter 2 of +2-B: –

 Comparative Statement of Profit & Loss Particulars Note no. 31st March,2015(A)(3) 31st March,2016(B)(4) Absolute Change(Increase/Decrease)(C=B-A)(5) Percentage Change (Increase/Decrease)(D=C/A x 100)(6) Revenue from Operation (WN 1) 4,00,000 3,00,000 (1,00,000) (25.00%) Other Incomes 2,00,000 1,50,000 (50,000) (25.00%) Total 6,00,000 4,50,000 (1,50,000) (25.00%) Less: Cost of Material Consumed (2) 2,00,000 1,80,000 (20,000) 10.00% Employee benefit Expenses (3) 20,000 36,000 16,000 80.00% Total 2,20,000 2,16,000 (4,000) 1.81% Profit Before Tax 3,80,000 2,34,000 (46,000) 12.1% Less: Tax (4) 1,14,000 70,200 (43,800) 38.42% Profit After Tax 2,66,000 1,63,800 1,02,200 38.42%

Working Note:

Revenue from Operations for year ended 31st March 2016

 200% of Other Income = ₹ 1,50,000 x 200 100 = ₹3,00,000

Cost of Material Consumed for year ended 31st March 2015

 200% of Other Income = ₹ 2,00,000 x 200 100 = ₹4,00,000

Working Note 2:

Cost of Material Consumed for year ended 31st March 2016

 60% of Revenue from Operations = ₹ 3,00,000 x 60 100 = ₹1,80,000

Cost of Material Consumed for year ended 31st March 2015

 50% of Revenue from Operations = ₹ 4,00,000 x 50 100 = ₹2,00,000

Working Note 3:

Expenses for year ended 31st March 2016

 20% of Other Income = ₹ 1,80,000 x 20 100 = ₹36,000

Expenses for year ended 31st March 2015

 10% of Other Income = ₹ 2,00,000 x 10 100 = ₹20,000

Working Note 4:

Tax for year ended 31st March 2015

 30% of Profit = ₹ 3,80,000 x 30 100 = ₹1,14,000

Tax for year ended 31st March 2016

 30% of Profit = ₹ 2,34,000 x 30 100 = ₹70,200

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –